The Sages are planning for a retirement home. They estimate they will need $220,0004 years...
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Accounting
The Sages are planning for a retirement home. They estimate they will need $ years from now to purchase this home. Assuming an interest rate of the four equal amounts are deposited at the beginning of the period rather than at the end. In this case, what amount must bedeposited at the beginning of each period? Round factor values to decimal places, eg Round answer to decimal places, eg
Click here to view factor tables.
Amount deposited each year
$
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